ZenLedger
Depends
Confidence: Medium
Buy if you're a US crypto investor with DeFi, NFT, or CPA-collaboration needs and accept some manual data cleanup.
New check
Comparison
ZenLedger vs Koinly
ZenLedger and Koinly both land on Depends.
Koinly
Depends
Confidence: Medium
Buy if you trade across multiple exchanges, wallets, or DeFi protocols.
| Compare | ||
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Active US crypto traders | Active multi-exchange traders |
| Who it's not for | Casual holders with a handful of trades . spreadsheet territory | Buy-and-holders using one exchange |
| Privacy | No known public vulnerabilities found in the sources reviewed.³ | ISO 27001-compliant per Koinly's own materials; one source references an unverified data breach. |
| Support quality | Advertises 24/7 support; user sentiment mixed. | No reliable evidence in reviewed sources |
| Public sentiment | Sentiment is mixed-to-negative: Reddit users describe cleanup work and switching away, while reviewers credit broad exchange, DeFi, and NFT coverage.⁷ | Long-term users report reliable tracking, but plan confusion and API-key security concerns recur across reviews.15 |
| Biggest gotcha | Expect manual CSV cleanup; users say imports don't just work.⁹ | API-key access means breach exposure sits with the vendor; one source cites a Koinly data breach |
Pick ZenLedger when
- Active US crypto traders
- DeFi and NFT users
- Investors who invite their CPA
- Multi-exchange portfolio holders
When ZenLedger is not a fit
- Casual holders with a handful of trades . spreadsheet territory
- Anyone wanting tax data stored locally and fully auditable
- Enterprises needing full crypto accounting suites . Cryptio targets them
- Buyers who won't tolerate import cleanup work before filing
Pick Koinly when
- Active multi-exchange traders
- DeFi and multi-chain users
- Accountants handling client crypto
- Multi-year portfolio histories
When Koinly is not a fit
- Buy-and-holders using one exchange
- A few dozen transactions . spreadsheet works
- Enterprises needing full accounting ledgers
- Anyone refusing third-party API key access
Sources
- ZenLedger homepagezenledger.ioofficial
- ZenLedger pricing pagezenledger.ioofficial
- ZenLedger security pagezenledger.iosecurity
review
- ZenLedger Review 2026 . Milk Roadmilkroad.comreview
- ZenLedger Review 2026 . DeFi & NFT . Synthfintechsynthfintech.comreview
review
- ZenLedger . Trustpilot reviewstrustpilot.comreview
- Top 5 Problems with Crypto Tax Software . Gordon Lawgordonlaw.comreview
- ZenLedger funding profile . PitchBookpitchbook.comnews
- rotki vs ZenLedger . rotki.comrotki.comreview
- Zenledger pricing . TrustRadiustrustradius.comreview
- Koinly Trustpilot reviewstrustpilot.comreview
- How reliable is Koinly? . Redditreddit.comreview